IQ Option is an online trading platform that allows you to trade a wide range of financial assets including stocks, forex pairs, binary options, cryptocurrencies, commodities, and ETFs.

But is IQ Option a reliable broker and can they be trusted?  In this IQ Option review, I’ll tell you everything you need to know about this company.

Broker Information

This trading platform was founded in 2013 and is operated by a company called IQ Option LTD.  Since their inception, they’ve been one of the fastest growing trading platforms in the industry and are one of the most popular choices for traders of all experience levels.

The number of active traders on the IQ Option platform have grown substantially every year, with over 41 million registered users in 2018.

IQ Option Trading Platform

Unlike other brokers that use a standard trading platform, IQ Option has a proprietary custom-built platform to cater to the needs of its users.  The platform is very easy to use and is well-designed.  It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more.  It’s also available in 13 different languages.

Within the IQ Option trading platform, you can trade a variety of assets and financial instruments including stocks, digital options, binary options, forex, crypocurrencies, ETFs, and commodities.  However, it should be noted that binary options are prohibited in the EEA.

In the image below, you can see that the chart is in the middle.  The Buy and Sell boxes are on the right-side.  Your account balance and the asset you’re trading is located at the top of the screen.

On the left-side of the platform, you’ll see a drop-down box which allows you to choose which financial asset you want to trade.  Your available assets to choose from include Cryptocurrencies, ETFs, Stocks, FX Options, Forex, Indices, and Commodities.  You can browse assets by category or use their search function to find a specific asset.

On the right side of the trading platform interface, you will have the option to enter the amount you wish to trade and whether you want to Buy or Sell.

Technical Indicators

IQ Option offers over 15 different technical indicators to help you identify trends and to spot profitable trades.  The 15 technical indicators that are available to you include: MA, Volume (exchange), Bollinger Bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator, Awesome Oscillator, ATR, ADS, Fractal, CCI, Ichimoku Cloud, KDJ, DPO, and Belkhayate Timing.

Charting Tools

In order to help you get the most benefit from trading with IQ Option, the broker offers a variety of charting tools that can help you formulate a successful trading strategy.  The 5 charting tools available on IQ Option include Area, Line, Candles, Hollow Candles, and Bars.

Mobile Trading

IQ Option offers clients the ability to trade options and CFDs using their proprietary mobile application.  The mobile app works on Android and Apple iOS operating systems.  It is available for download via the Apple Store or on Google Play.

The app is very easy to use and has a very clean and intuitive graphical interface.  It has the same charting options that you can find on their regular web-based platform as well.

By using the IQ Option mobile app, you can:

• Execute Trades
• Check Account Status
• Stay Updated With Market Developments
• Use Charting Tools
• Setup Customizable Alerts and Push Notifications
• And More

Account Types

IQ Option offers clients 2 different types of trading accounts to choose from: Standard and VIP.

For a standard account, just a $10 minimum deposit is needed.  Unlike other CFD providers, there are no restrictions on trading functionality.  You get access to over 350 assets to trade as well as 24 hour withdrawal processing.  You also get access to several trading competitions that are held on the IQ Option platform (only applies to customers outside of the EU).

A VIP trading account is only available for clients that deposit $1900 or more within a 2-day period.  A VIP account includes a personal account manager, monthly reports on your trading records, and 3% in additional returns.  VIP accounts are only available to customers outside of the EEA.

IQ Option Demo Account

Similar to other brokers, IQ Option offers a free practice trading account for all users.  The nice thing about about IQ Option’s demo account is that there isn’t any limit on how long you can access it. This allows you to test a variety of trading techniques and sharpen your skills before investing real money.

The practice account includes $10,000 in practice money.  If you run out of virtual funds inside of your demo account, you can have them replenished so you can continue practicing.

Cryptocurrency Multiples

IQ Option has recently came out with a product known as “Cryptocurrency Multiples”.  The product basically works the same as a leveraged trade, where the price movements of an asset is magnified by a multiplier.  Cryptocurrency multiples was originally produced with the idea of Bitcoin X 100.  This essentially increased the price movement by 100X times, which created a large opportunity, as well as risk, for traders.

Due to the popularity of Bitcoin X 100, IQ Option has expanded the concept to IOTA, Ethereum, Ripple, and other cryptocurrencies.  The multipliers you have to choose from include X20, X50, and X100.  However, the cryptocurrency multipliers are only available for citizens outside of the EU.

FX Options

IQ Option is one of the only brokers that offer a product called FX Options.  Currently, this product is only available for the 5 main currency pairs.

FX Options are available in regulated markets inside the European Union.  They are similar to binary options because they offer a fixed-risk investment.  You understand the potential profit and risk upfront.  Each FX Option has an expiry time and the potential profit depends on the asset’s price.  Payouts can reach up to 2000% and there is a minimum trade amount of $30 for FX Options.

It’s also important to know that FX Options can be sold at any time, even before expiry time is reached.  This is a useful feature that can help you lock in profits or cut losses.

Order Types

That are several different order types that IQ Option has.  These order types will vary by asset.

Stop Loss Orders – This feature allows you to set a maximum loss that you’re willing to accept on a trade.  When this order type reaches the amount you specified, the trade automatically closes to limit your loss.

Multiplier Orders – This feature allows you to improve your return on investment via a multiplier.  If you set a multiplier, the price movement of the asset will increase by 20X, 50X, or 100X.  This feature can dramatically increase your profits as a result, but it can also expose you to more risk as well.

Take Profit Orders – This feature is the exact opposite of a stop loss order.  You can close a trade early and take your profit when it reaches your specified amount.

Pre-Order – This feature allows you to enter the market when an asset reaches the exact price that you specify.  Once the asset reaches that price, the trade will be executed automatically.

Assets

There is currently over 350 assets available to trade at IQ Option.  The underlying financial assets include a collection of stocks, cryptocurrencies, binary options, forex, commodities, indices, and ETFs.

Here is the breakdown for how many assets are available in each market:

• 53 Options
• 73 Forex Pairs
• 187 Stocks
• 23 Cryptocurrencies
• 5 Commodities
• 25 ETFs

The minimum trade amount varies for each asset class.  The lowest trade amount for binary options and digital options is $1.  The lowest trade amount for Forex trading is $20.  FX Options has a minimum trade amount of $30.

Regulation and Security

Over the years this broker has been operational, it has won multiple awards praising it’s quality of service and reliability for customers. IQ Option is recognized as one of the best brokers in the industry by many millions of traders worldwide.

IQ Option is regulated by the CySec and is registered in Cyprus under the company name “IQ Option Europe LTD”. This means that they are able to service clients within the EEA.

For traders that reside outside of the European Economic Area, their trading accounts are managed by a sister company known as “IQOPTION LTD”. This company is registered in St. Vincent and Grenadines, and this entity is not regulated.

Deposits

IQ Option has a minimum deposit of $10 USD/GBP/EUR.  This broker does not charge any fees for depositing funds into your account and they offer several funding options.

Before you can make a deposit, you first have to go through an account verification process.  This process will include your phone number, personal information, and photo identification.  Some countries might have different requirements than others as well.

IQ offers clients numerous ways to make deposits including credit cards, debit cards, Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers.  Unfortunately, PayPal is not available for depositing funds.

Withdrawals

For withdrawals funds from IQ Option, you’ll need to use the same payment method as your deposit.  However, you can opt for a bank transfer instead, but that’ll incur a small processing fee.  The minimum withdrawal amount is $2.

In order to withdrawal funds from IQOption, you’ll need to verify your identity.  This process is necessary to prevent fraudulent activity and to secure your account from unauthorized use.

All withdrawal requests are processed by IQ Option within 1 business day. If you request a withdraw to a bank card, it may require additional time depending on your bank.

Bonuses and Promotions

Due to regulations set forth by the CySec, IQ Option doesn’t offer any type of deposit bonuses.

However, this broker does offer trading competitions that allow you to compete against other traders for prizes ranging from $100 all the way up to $100,000.  Unfortunately, these trading tournaments aren’t available for citizens within the EEA.  Standard accounts can join the competitions for a fee, while VIP accounts get free entry.

Restricted Countries

Unfortunately, IQ Option is not able to accept traders from the United States, Russia, Canada, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.  The countries listed above have stricter restrictions and regulations, making it difficult for IQ Option to provide trading opportunities to their citizens.  However, this broker is available in 178 different countries.

Customer Support

IQ Option has various forms of customer support including email, telephone, and online chat.  There are currently about 90 customer service representatives available to assist you.

For your convenience, IQ Option has toll-free phone numbers available in the following countries:  United Kingdom, Brazil, South Africa, India, Singapore, Thairland, Colombia, Australia, Mexico, Portugal, Spain, Argentina, and Chile.

For online chat support, the average wait time is an impressive 38 seconds.  For email support, the average response time is 14 minutes.

Is IQ Option A Scam?

Absolutely not!  As of 2018, this broker has over 41 million registered users from over 150 countries worldwide.  The number of active traders is growing every year and there’s no signs of that changing.  They also process more than 1 MILLION transactions per day.

IQ Option is a legit broker and one of the most reputable companies in the industry.  Their intuitive trading platform is the best around and we highly recommend IQ Option to traders of all experience levels, beginner to advanced.